Exide Industries plans Rs1400 cr capex for technology
Exide Industries plans Rs1400 cr capex for technology upgradation
and capacity expansion
Exide Industries is planning to spend over Rs1,400 crore for the
next one year on capital expenditure for technology up-gradation and capacity
expansion. A significant amount of this capex will be incurred at its Haldia
facility in West Bengal.
RPG Life Sciences enters into cosmetology
Drug
firm RPG Life Sciences said that it has entered into the cosmetic segment by
collaborating with an Italian cosmetic firm Labo Cosprophar and will launch two
products for hair and skin care.
The
company is in-licensing two research-based products to be launched in the
Indian cosmetic market this July.
A
separate division has been created to market Crescina and Fillerina, products
specialised in hair fall control and anti-ageing, respectively.
Bharti Infra proposes buyback of shares from July 12
Bharti Infratel rose nearly 4%, touching to Rs340.5, after company
announced that it has proposed buyback of equity shares would commence on July
12, 2016 and close on July 25, 2016.
The company's proposed buyback of 4.70 crore shares at Rs425 per
share under tender offer route would commence on July 12, 2016 and close on
July 25, 2016
Government proposes 15 logistics parks at Rs33,000 cr
To reduce transportation cost and minimise pollution, the
government plans to set up 15 logistics park (covering more than 40% of the
total road freight movement in India) in cities with high freight movement at
an investment of about Rs33,000 crore.
A total of 4,800 acres is needed for the development of the
proposed 15 multimodal logistics parks, including land for storage space,
allied infrastructure, trunk infrastructure and land for future expansion. A
total cost of Rs10,700 crore will be needed for land acquisition.
Bajaj Finserv likely to buy out Allianz’s stake in insurance JV
As per reports, Bajaj Finserv could buy 26% stake held by its
joint venture partner Allianz [in both Life and General Insurance
ventures; Bajaj Allianz Life Insurance (BAL) and Bajaj Allianz General
Insurance (BAGIF)] in a deal estimated at as much as Rs.10,000 crore. Bajaj
Finserv Ltd, owns 74% and Allianz SE holds 26% in both the ventures.
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